This analysis will be very brief as what can be surmised by my TA is self evident. We have a rising wedge formation coupled by a bear divergence on the RSI. We know where this is going, buuuttt........the market will market. I will be looking for shorting opportunities in the coming future.
LTC, having built up a nice position that can be seen on the VPVR, is now in a state of trasitioning higher.
No gas in the tank (supporting volume/demand). Potential drop to 10.2k at a minimun for possible refuel. This is just speculation on my part, but if I were Smart money I would dump everything to push price down back the to 8.2k level causing weak hands to jump ship. "Apparently", expectations for a BTC pump are high according to some media outlets. To me,...
OXT, without any immediate volume support from bullish activity, will continue to fall to the .1369 level where we find major support. Hopefully at this level, we can gather strength for a push upward. Need to check current sentiment for this asset.
In a previous chart, I had mentioned that OXT may move to the downside possibly to the .1600 level. With the exception of the slight breakout of the bearish trend line, price still shows respect for it. A fairly new coin, it has for the moment found it's bottom. Meanwhile, as it has been in accumulation with several bursts to the upside. It has now pretty much...
The current bull run for BTC started around the 6561 level and has peaked roughly at 102.2k. a partial retracement from the current leg will leave BTC around 9.6k - 9.5k, but if it were to pass this level we have a stronger support level at 9216. A full retracement from the beginning of the current bull run will leave BTC at best 8.1k; at worst - 7.7k. This...